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Any buy to let tips for north of England?
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irishno1 wrote:Cheers,
Surely it is hard to go wrong with rental properties bought for under £100k?
Where is seen as best buy-to-let investment options for say £80-100k at the minute?
except if they were 30k a few years ago..... and the rental income doesn't cover the interest on the mortgage.
problem is when you sell it, who will buy it from you at 100k?
Like £100k for this back-to-back s***hole
http://www.rightmove.co.uk/viewdetails-5510325.rsp?pa_n=1&tr_t=buy
When the rent would be £350/month
http://www.rightmove.co.uk/viewdetails-13169867.rsp?pa_n=6&tr_t=rent
http://www.rightmove.co.uk/viewdetails-13169870.rsp?pa_n=6&tr_t=rent
You need to learn about yield and get a business plan and what these places cost a few years ago, and work out who's going to buy the thing off you when you sell.
Saying you can't go wrong with a 'mere' £100k seems incredible to me. Here, give me your £100k, you can't go wrong, I'll sell you a caravan.My policies are based not on some economics theory, but on things I and millions like me were brought up with: an honest day's work for an honest day's pay; live within your means; put by a nest egg for a rainy day; pay your bills on time; support the police - Margaret Thatcher.0
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